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Platinum Futures Bullish Momentum With A 2% Jump In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 2.39% for the last 5 sessions. At 23:50 EST on Thursday, 17 October, Platinum (PL) is $1,008.80.

Volume

Today’s last reported volume for Platinum is 2509, 99.99% below its average volume of 6771612407.03.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.69%, 0.91%, and 1.29%, respectively.

Platinum’s highest amplitude of average volatility was 2.12% (last week), 1.19% (last month), and 1.29% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Platinum’s commodity is considered to be oversold (<=20).

News about

  • Crude oil sell-off eases amid political calls in Israel to strike iranian oil fields. According to FXStreet on Wednesday, 16 October, "At the time of writing, Crude Oil (WTI) trades at $69.70 and Brent Crude at $73.66."
  • According to FXStreet on Wednesday, 16 October, "Furthermore, a bearish sentiment around Crude Oil prices, led by easing fears of supply disruptions from the Middle East, could undermine the commodity-linked Loonie. ", "Apart from this, the USD and Crude Oil price dynamics should provide some impetus to the currency pair."

More news about Platinum (PL).

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